FTSM vs. PIMIX
Compare and contrast key facts about First Trust Enhanced Short Maturity ETF (FTSM) and PIMCO Income Fund Institutional Class (PIMIX).
FTSM is an actively managed fund by First Trust. It was launched on Aug 5, 2014. PIMIX is managed by PIMCO. It was launched on Mar 30, 2007.
Performance
FTSM vs. PIMIX - Performance Comparison
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FTSM vs. PIMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTSM First Trust Enhanced Short Maturity ETF | 0.76% | 4.66% | 5.22% | 5.12% | 1.02% | -0.01% | 1.12% | 2.82% | 1.94% | 1.57% |
PIMIX PIMCO Income Fund Institutional Class | -1.36% | 11.08% | 5.45% | 9.36% | -9.07% | 2.62% | 5.84% | 8.10% | 0.63% | 8.63% |
Returns By Period
In the year-to-date period, FTSM achieves a 0.76% return, which is significantly higher than PIMIX's -1.36% return. Over the past 10 years, FTSM has underperformed PIMIX with an annualized return of 2.50%, while PIMIX has yielded a comparatively higher 4.66% annualized return.
FTSM
- 1D
- 0.07%
- 1M
- 0.08%
- YTD
- 0.76%
- 6M
- 1.82%
- 1Y
- 4.19%
- 3Y*
- 4.86%
- 5Y*
- 3.33%
- 10Y*
- 2.50%
PIMIX
- 1D
- 0.47%
- 1M
- -3.24%
- YTD
- -1.36%
- 6M
- 1.15%
- 1Y
- 6.07%
- 3Y*
- 7.20%
- 5Y*
- 3.38%
- 10Y*
- 4.66%
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FTSM vs. PIMIX - Expense Ratio Comparison
FTSM has a 0.44% expense ratio, which is lower than PIMIX's 0.62% expense ratio.
Return for Risk
FTSM vs. PIMIX — Risk / Return Rank
FTSM
PIMIX
FTSM vs. PIMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Enhanced Short Maturity ETF (FTSM) and PIMCO Income Fund Institutional Class (PIMIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| FTSM | PIMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 8.29 | 1.56 | +6.73 |
Sortino ratioReturn per unit of downside risk | 17.39 | 2.25 | +15.14 |
Omega ratioGain probability vs. loss probability | 3.96 | 1.29 | +2.66 |
Calmar ratioReturn relative to maximum drawdown | 28.25 | 1.87 | +26.38 |
Martin ratioReturn relative to average drawdown | 139.10 | 7.56 | +131.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FTSM | PIMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 8.29 | 1.56 | +6.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 6.86 | 0.72 | +6.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.84 | 1.11 | +1.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.92 | 1.56 | +0.37 |
Correlation
The correlation between FTSM and PIMIX is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FTSM vs. PIMIX - Dividend Comparison
FTSM's dividend yield for the trailing twelve months is around 4.22%, less than PIMIX's 5.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTSM First Trust Enhanced Short Maturity ETF | 4.22% | 4.28% | 4.91% | 4.62% | 1.62% | 0.39% | 1.20% | 2.38% | 2.14% | 1.49% | 1.03% | 0.48% |
PIMIX PIMCO Income Fund Institutional Class | 5.57% | 6.01% | 6.27% | 6.21% | 4.98% | 4.02% | 4.88% | 5.83% | 5.66% | 5.37% | 5.52% | 7.88% |
Drawdowns
FTSM vs. PIMIX - Drawdown Comparison
The maximum FTSM drawdown since its inception was -4.12%, smaller than the maximum PIMIX drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for FTSM and PIMIX.
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Drawdown Indicators
| FTSM | PIMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.12% | -13.39% | +9.27% |
Max Drawdown (1Y)Largest decline over 1 year | -0.15% | -3.69% | +3.54% |
Max Drawdown (5Y)Largest decline over 5 years | -0.65% | -13.34% | +12.69% |
Max Drawdown (10Y)Largest decline over 10 years | -4.12% | -13.39% | +9.27% |
Current DrawdownCurrent decline from peak | 0.00% | -3.24% | +3.24% |
Average DrawdownAverage peak-to-trough decline | -0.22% | -1.69% | +1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 0.92% | -0.89% |
Volatility
FTSM vs. PIMIX - Volatility Comparison
The current volatility for First Trust Enhanced Short Maturity ETF (FTSM) is 0.19%, while PIMCO Income Fund Institutional Class (PIMIX) has a volatility of 1.88%. This indicates that FTSM experiences smaller price fluctuations and is considered to be less risky than PIMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTSM | PIMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.19% | 1.88% | -1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 0.32% | 2.64% | -2.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.51% | 4.28% | -3.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.49% | 4.75% | -4.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.88% | 4.20% | -3.32% |